$2.8 million Heritage wine sale sets new record for DRC 1985 vintage



2016-09-23 14:07:51

The latest Heritage Auctions Fine and rare Wine sale set a new auction record for Domaine de la Romanee Conti last week.

The sale in Beverly Hills, which was also simulcast live to Hong Kong, realized a total of $2.8 million and an impressive sell through rate of 98% by lot and 93.4% by value.

Leading the way was a case of Domaine de la Romanee Conti Grands Echézeaux 1985, which beat its top estimate to sell for a new auction record of $29,280.

DRC wines led the way when it came to Burgundy, with an eight bottle selection of Romanee St. Vivant 1985 selling for $15,860; six bottles of Richebourg 1999 selling for $14,640; and a single Jeroboam of Montrachet 1999 bringing $12,200.

Top Bordeaux lots included a case of Chateau Mouton Rothschild 2000 Pauillac which soared past its high estimate to sell for $18,300, and 10 bottles of Chateau Latour 1982 Pauillac which brought $15,860.

Further highlights from the sale included a selection of six bottles of the cult California wine Screaming Eagle Cabernet Sauvignon 2011, which sold for $11,590; seven bottles of Chateau Mouton Rothschild 2000 Pauillac which sold for $10,370; a case of Chateau Lafite Rothschild 1996. Pauillac which realized $10,065; and a single bottle of Domaine de la Romanee Conti Romanee Conti 2013 which fetched $10,0650.

"We are very pleased to see the wine market climbing," said Frank Martell, Director of Fine & Rare Wines at Heritage, following the sale.

"We offered a rich selection of both investment grade and mature wines and collectors were ready to bid strongly for both. I am a bit envious of the winning bidder of the Grands Echézeaux — they now own a pristine case to share with friends."

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